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One of the major pro's of the new GI Bill is that your tuition to the college of your choosing will be paid in full, whereas previously one would only receive a portion (i.e. 80%). You will also receive an allowance for your books, as well as a monthly stipend that is roughly based on the cost of living for an E-5 in your area. Furthermore, members of the armed forces will no longer be required to pay into the bill to receive it's benefits.
One of the con's, from the governments perspective is the issue of retainability. The new GI Bill generates an incredible incentive for personnel to complete their enlistment and separate solely for the GI Bill benefits, as opposed to re-enlisting. From the military members perspective, many of those who paid between $1200 and $1800 to participate in the old GI Bill feel that they deserve that money back now that it is free.
Overall, it is a much better GI Bill when compared to the "old" Montgomery GI Bill. There are still some kinks to work out though. Hope this helps.
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∙ 15y ago
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What are the pros and cons about joining the United States Marine Corps?
Joining the military is a big decision. Pro: GI Bill, Better physical fitness, first to fight, travel anywhere Con: Giving up 8 years of freedom, you can die, $48,000 on GI Bill isn't much, Longest boot camp [12 weeks], did i mention you could die? Your choice. it's hard.
Can you get a business loan on the GI Bill?
No, the GI Bill funds your education.
Who created the GI Bill of Rights?
Franklin D. Roosevelt created the GI Bill.
Do you receive living allowance for the gi bill?
Under the "New GI Bill," yes.
Can spouses use the Montgomery GI bill?
spouses can use the gi bill starting aug 2009
How can the new GI bill benefits be calculated?
There are many resources on the internet that help calculating the GI bill benefits. One such resource is the GI bill calculator, which can be found on the official GI bill calculator website. By filling in one's detail, the calculator will automatically calculate one's benefits for them.
Can it be court ordered to pay spousal support out of money received from the gi bill?
The GI bill pays for education.
Was the GI Bill a success?
No, the GI Bill is crap. They tease you with all these promises of money for college, but you have to jump through hoops to get it.
Do reservists get the gi bill?
Yes.
Will you lose your GI bill if you get married?
No
What tools are available to assist you in selecting which GI Bill benefit to use?
Education and Career Counseling, GI Bill Comparison Tool
Does the GI Bill pay for law school?
Yes, the GI Bill can be used to pay for a portion of the law school degree. This varies depending on the amount earned in the bill.
